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Buhari To Inaugurate 650,000bpd Dangote Refinery May 22

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President Muhammadu Buhari is expected to be in Lagos on May 22 to commission the Dangote Refinery.

 

Bashir Ahmad, special assistant to the president on digital communications, announced the development in a tweet on Sunday.

 

“Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari,” the tweet reads.

The Dangote Refinery is a 650,000 barrels per day (BPD) integrated refinery project located in the Lekki free trade zone area of Lagos state.

The project, which cost an estimated $19 billion to build, is Africa’s biggest oil refinery and the world’s biggest single-train facility.

The integrated refinery and petrochemical project is expected to generate 9,500 direct and 25,000 indirect jobs.

Its output is expected to be more than enough to meet Nigeria’s fuel demands and turn Africa’s largest crude producer into an exporter of refined crude.

Last year, Aliko Dangote, chairman of Dangote Group and Africa’s richest person, said his oil refinery would be commissioned before the end of Buhari’s tenure.

In June 2021, Mele Kyari, group managing director, NNPC, confirmed that the federal government would acquire a 20 percent equity stake in the Dangote Refinery.

Two months later, the federal executive council (FEC) approved the sum of $2.76 billion for the acquisition of a 20 percent minority equity stake in the refinery.

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Breaking news: Minimum Wage: Labour rejects FG’s N54,000 offer

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The organised labour has rejected the Federal Government N54,000 new minimum wage proposal.

 

According to reliable source, the meeting on the ongoing negotiations on new minimum wage has been adjourned till Wednesday after the organised labour.

 

Media report has it that the Federal Government upped its offer from its earlier proposed N48,000 to N54,000.

Tuesday’s meeting came as a result of the walkout staged by members of the organised labour following the proposal of N48,000 as minimum wage by the Federal Government during last week’s meeting.

During that meeting, the OPS had also proposed N54,000 while labour insisted on its N615,000 living wage demand.

Our correspondent who spoke to sources who attended the follow-up meeting on Tuesday learnt that the Federal Government upped its offer from N48,000 to N54,000.

“Well, during the meeting, the government increased its offer from N48,000 to N54,000. However, labour rejected that offer and the meeting has been adjourned till Wednesday,” a source who asked not to be named said.

When asked if the government’s side was showing any sign of seriousness, the labour leader said, “No seriousness at all. Even state governors did not show up. Those who represented them, like Bauchi and Niger states, did not have the mandates to speak on their behalf.

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Junior Pope betrayed me repeatedly – Yul Edochie

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Nollywood actor Yul Edochie has claimed that his late colleague, Junior Pope, betrayed him repeatedly despite his being there for him in his times of need.

 

According to Edochie, it was the reason he shunned the late actor’s burial in Enugu State on Friday.

 

He said he wanted to wait till after Junior Pope’s burial before he reveal how the late actor betrayed him.

He promised the full story of how Junior Pope betrayed him soon.

On his Instagram story, Edochie wrote: “I didn’t want to say anything till after his burial. I know many asked why I wasn’t there. Why I haven’t said anything about it since.

“I took him like a brother & good friend. I was there for him when he needed me. But he stabbed me in the back repeatedly. That’s life!

“I’ll drop the full details soon so others can learn from it.

“Be careful what you wish people, it could come to you.”

Recall that Junior Pope died on April 10, 2024, alongside three others after their boat capsized on the Anam River in Anambra State while returning from a film location.

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